Home » Dow Chemical Co. Agrees to Buy Rohm and Haas for $18.8B
Dow Chemical Co. Agrees to Buy Rohm and Haas for $18.8B
July 10, 2008
The Dow Chemical Co. has agreed to buy specialty materials and chemicals supplier Rohm and Haas Company, Philadelphia, PA, for $78 per share in cash or $18.8 billion. The agreement provides that Rohm and Haas will continue to do business under the Rohm and Haas name.
In addition, Dow will contribute a number of specialty chemicals business segments to the Rohm and Haas portfolio.
Rohm and Haas brings to Dow strengths in Coatings and Electronic Materials, according to Dow CEO Andrew N. Liveris. Dow will contribute complementary businesses to Rohm and Haas Company in areas such as coatings, biocides, and personal care products. As a result, annual revenue of Rohm and Haas will be about $13 billion, post-transaction.
Based in Philadelphia, PA, Rohm and Haas had annual sales of $8.9 billion in 2007.